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Bangladesh: An economic disaster, not just a forex crisis, is in the making

When competitors report a sharp decline in specific garment exports, shipments of those from Bangladesh grew in July-August. From $48 billion in 2021, forex reserves are a lowly $21 billion. A $12 billion gap between shipment values and export receipts suggests corruption or data fudging. Exchange rate mishandling has dented the trust of migrant workers and their foreign remittances ....

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